Credit quality and availability will weaken over the next six months for both consumers and businesses, according to the latest Credit Conditions Index from ABA’s Economic Advisory Committee.
The U.S. economy is likely to dodge a recession despite an expected loss of momentum in economic growth over the next few quarters, according to the latest forecast of ABA’s Economic Advisory Committee.
Bank economists expect credit conditions to soften over the remainder of the year due to the economic headwinds faced by consumers and businesses, according to the latest Credit Conditions Index released by ABA’s Economic Advisory Committee.
As the Federal Reserve continues its efforts to drive inflation lower this year and next, the ABA Economic Advisory Committee expects stalling economic growth in 2023, followed by a modest recovery in 2024.
Bank economists expect credit conditions to soften over the next six months as the economy slows and the Federal Reserve considers additional steps to rein in inflation, according to the Credit Conditions Index released this week by ABA’s Economic Advisory Committee.
Weakening consumer and business spending, and improving supply chains, will support the Federal Reserve’s efforts to drive inflation lower this year and next toward its 2% target, according to the latest forecast of ABA’s Economic Advisory Committee, released this week.
With the Fed taking action to raise rates and choke off inflation, the nation’s top economists forecast that economic growth will slow to 1.6% this year and 1.5% in 2023, before rising to 2% in 2024, according to ABA’s Economic Advisory Committee.
ABA Economic Advisory Committee Chair Richard DeKaser offers the EAC’s consensus forecast that the Fed will indeed stick the landing, reducing inflation gradually without harming employment or causing a recession.
Top economists from the largest U.S. banks expect credit market conditions to weaken amid high inflation, according to the American Bankers Association’s Credit Conditions Outlook released today.
Top economists from the largest U.S. banks expect credit conditions to continue improving for both consumers and businesses over the next six months, according to ABA’s Credit Conditions Outlook released today.